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A Nuclear Power Plant in Namibia Could Stabilise Uranium Market Prices, Says Rosatom
By: Justicia Shipena Russian state-owned energy giant, Rosatom, says constructing a nuclear power plant in Namibia could contribute to stabilising uranium prices while enabling the country to achieve energy self-sufficiency. Rosatom’s national manager, Viktor Riedel, emphasised during a media engagement on Thursday night that a domestic nuclear power plant could potentially lead to […]
African Ports Missing Out on Surge in Conflict-Avoiding Ship Traffic
By: Staff Writer Logistics experts have highlighted that African ports, including those in Namibia, are failing to capitalise on the increased ship traffic steering clear of attacks by Houthi rebels in the Red Sea. The continent’s inefficient and ageing ports lack the capacity to accommodate the heightened volumes, experts noted. “Most ports in […]
Pressing Housing Needs Present Both Opportunities and Challenges for Construction Sector
By: Justicia Shipena The pressing need for affordable housing in Namibia is creating both opportunities and challenges for the construction sector, according to economic researcher Halleluya Ndimulunde of Simonis Storm Securities. This comes in light of the City of Windhoek’s authorization of 192 construction plans in February 2024, marking a significant increase from […]
Andrada Mining Plans Full-Scale Lithium Processing Plant
By: Staff writer Andrada Mining has initiated studies for a comprehensive integrated processing plant aimed at producing petalite concentrate alongside its tin and tantalum production operations. In November last year, the company commissioned a pilot project at its Uis lithium mine, subsequently reporting 10 tonnes of lithium concentrate. This production is anticipated to […]
Capricorn Foundation Commits N$1 Million to Towards Desert-based Economy
By: Nghiinomenwa-vali Erastus In a bid boost to the RuralRevive initiative aimed at building economic advancement and sustainable development in the Maltahöhe community, the Capricorn Foundation has pledged N$1 million towards the cause. The partnership between Capricorn Foundation and Wolwedans Foundations, the driving force behind the initiative, was announced with much anticipation. This […]
Kavango East Leadership Urges Alweendo to Implement Rural Electrification
By: Annakleta Haikera Leaders in the Kavango East Region are urgently calling on the Ministry of Mines and Energy to prioritise the needs of the people by accelerating rural electrification efforts in the region and incorporating provisions for solar energy solutions. The regional leadership contends that over the past 34 years, rural electrification […]
Andrada Mining Secures N$175 Million Loan… plans 5MW Uis solar plant
By: Staff Writer Andrada Mining’s subsidiary, Uis Tin Mining Company (UTMC), has secured a conditional credit-approved funding agreement of N$175 million with Bank Windhoek, marking a significant milestone for the company’s expansion plans. This new loan agreement will replace UTMC’s existing banking facilities of N$111.3 million with Standard Bank Namibia, which were secured […]
Judiciary Spends 99% of Budget Allocation
By: Hertha Ekandjo The Office of the Judiciary has utilised 99% of its allocated budget for the 2022/23 fiscal year, unlike other government Offices, ministries and Agencies that return enormous amounts back to the treasury every year. For the 2022/23 period, the Office received an allocation of N$386.7 million, with N$384 million expended, […]
Local Tourists are Increasingly Opting for Campsites
By: Staff Writer Namibians are increasingly turning to campsites for their tourism experiences as occupancy rates at hospitality establishments continue to dwindle, dropping to 23.1% last month from 24.9% in January and 33.0% in February 2023. The allure of more affordable options seems to be the driving force behind this shift, prompting locals […]
Uranium Exploration Surges in Namibia’s Southern Regions
By: Nghiinomenwa-vali Erastus Namibia has of late been experiencing a surge in uranium exploration, with a notable uptick in licensing applications dedicated to the search for nuclear fuel minerals. This trend was revealed in a recent analysis conducted by Kuiri Tjipangandjara, a scholar specialising in water security and mineral engineering. Tjipangandjara, who boasts […]